Prop Firm Hub

Good for you

I can't use them anyway, but I do like that their banned trading strategies are clearly defined.

why you cant use them ?

Yep, if any other prop would do it and handle it same way, there is no room for hidden rules. That is a good sign from theses new broker props popping around now.

"BLUEBERRYFUNDED"
What are your trading style rules?
Prohibited Strategies
Updated yesterday

Gambling:
You cannot use gambling strategies to pass the challenge phase. Blueberry Funding defines gambling as follows:

1. Excessive Scalping:
   Holding 50% or more of your trades for less than a minute.
2. Martingale:
   Holding five positions simultaneously in drawdown on the same pair.
3. All In:
   Placing a trade in one direction with no risk management (i.e., no stop-loss), where the trade will either pass or fail the challenge in a single attempt.
4. Grid Trading:
   Placing multiple trades at predetermined intervals to create a grid-like structure, with no clear risk management strategy.

Examples:

1. Excessive Scalping:
   A trader executes 60 trades, with 35 of them held for less than 45 seconds. This means more than 50% of their trades are categorized as excessive scalping.
   
2. Martingale:
   A trader opens multiple long positions on the GBP/USD pair (e.g., Long GBP/USD at 1.3500, 1.3480, 1.3460, 1.3440) and then adds another long position (e.g., Long GBP/USD at 1.3470) while already having five positions in drawdown. This breaches the Martingale rule.
   
3. All In:
   A trader opens a 2-lot position on USD/JPY without setting a stop-loss, and the position either results in passing the challenge or failing it in one single attempt. This method lacks proper risk management and trading skill.
   
4. Grid Trading:
   A trader sets up a grid trading strategy by placing buy orders at intervals of 20 pips (e.g., buying AUD/USD at 0.6700, 0.6720, 0.6740) and sell orders at intervals of 20 pips (e.g., selling AUD/USD at 0.6680, 0.6660, 0.6640) without a clear risk management plan or exit strategy. This creates a grid of trades without appropriate risk management.

Note:
A ‘trade’ is defined as a position held on a specific pair, which can include multiple entries with similar timings and lot sizes. Multiple entries on the same pair at the same time may count as one trade. Trades with significantly smaller lot sizes do not count as a trade. If you are found using prohibited strategies, including gambling and grid trading, you will not advance to the funded stage and will need to retry the challenge."


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Pity that they do not allow news trading when there is good vola for trading. I think News trading is for the first class of brokers or big brokers acceptable, as they can handle it too. If one prop cannot handle news volatility it is not the best sign or criteria to be honest.

"
Do you allow News Trading?
News Trading
Updated yesterday
News trading is not allowed on earning accounts.

1. What is the No News Trading policy?
Our No News Trading policy restricts trading during significant economic news releases to prevent excessive market volatility and ensure a fair trading environment for all clients. The trader must refrain from opening or closing trades 10 minutes before and 10 minutes after high-impact (red folder) news events. This includes trade execution and closure, even if you placed the trade before and your take-profit (TP) got hit during the restricted timeframe.

2. When does the No News Trading policy apply?
The No News Trading policy applies during the release of key economic indicators and major news events. These events typically include:

1. Central bank interest rate decisions
2. Employment reports (e.g., Non-Farm Payrolls)
3. Inflation reports
4. GDP releases
5. Other significant economic data releases

Trading (Opening and Closing) during the period starting 10 minutes before and ending 10 minutes after the scheduled news release is considered news trading and is restricted.

3. Can I close my positions during news events?
No cannot, you must refrain from opening or closing trades 10 minutes before and 10 minutes after high-impact (red folder) news events. This includes trade execution and closure, even if you placed the trade before and your take-profit (TP) got hit during the restricted timeframe.

4. What happens if I trade during restricted times on my earnings account?

1. Profit Removal: Any profits earned on trades executed during restricted times will be removed upon payout request.
2. Voided Payouts: If 3 or more trades in a single payout request are considered high-impact news trading, the entire payout will be voided, and the earnings account will be reset to the starting balance.

1. Account Breach: Continual news trading across multiple payout periods, despite warnings, may lead to Blueberry Funded breaching your earnings account.
   

5. How can I prepare for the No News Trading policy?

1. To prepare for the No News Trading policy, consider the following steps:

1. Stay Informed: Keep track of the economic calendar and be aware of upcoming news events.
2. Plan Ahead: Adjust your trading strategies in advance, considering the potential impact of news releases.

Use Risk Management: Implement robust risk management techniques, such as setting appropriate stop-loss and take-profit levels."

red headed step child ugly American... no one likes us due to CFTC.

I mean it is like in the old days, where you could not trade the news on FX brokers, because of huge gaps, spreads and bad slippages all around, 15 to 20 years ago. You only could traded futures but the big sizes, due to no micros available, so only far larger accounts suitable at that time. Any training there with futures would cost you easily a few hundred grannies at that time. It changed and the best brokers you can trade the news without any issues and can withdraw anytime anything.

Feel free to post your demo gold trade in the gold thread.

Thats looking good Navk

A good complex system is built on just a few basic negative commands, not a thousand rules from the start. Clearly, the Blueberry rules are like tangled wires—far from common sense. Example: You can use any technique, just don't let the drawdown reach -5.62%. Thats all.

It's just the overall philosophy that "we are looking for consistent professional traders" so we allow you to YOLO like a crack addict because that's how we find the best traders. Now that you've shown us you can gamble your way to the TP without getting bitten by our trailing drawdown we are ready to give you a PA account where you need to trade like a professional. (Don't forget that lifetime fee fellas because you don't want to get burned by our monthly subscription with those pesky 3 week
payouts)

It's cool though. I like capitalism. It's a smart revenue model. Good for them

It’s terribly easy to get round that one: every time you do a 1-lot scalp, you just follow it up with a 0.01-lot trade which is held open for 65 seconds.

(Not that I would touch Blueberry with a barge-pole, myself: they’re out-and-out fraudsters.)

Closing DAY

1. Apex funded 14x150k - 15424$ for the day. (Also second account crossed the threshold. Hoping to cross next 10 account by today 1k more to go)

Alpha's been slow approving my payouts. My friend said he got his in 36 hours. I still haven't gotten mine approved after 36 hours.

Maybe I should get a Blue(Guardian?) account as well. Heard they were denying giving out funded accounts recently. Not sure if they'd approve of the way I pass challenges. Saw a review on trustpilot where they consider 4 lots of gold to be an "All or Nothing" behaviour even with SL and TP set, and BlueGuardian didn't deny it. Just asked the user to contact them for a mutually acceptable solution.

Would you perhaps think that, too, if you were putting up your capital to fund traders on the basis of their evaluation procedures? (I would.)

Some inside information ;

“ The reason why so many props these days are using the words Platform 4/5 is because they dont hold the main license to be able to call it Metatrader 4/5 “



P.S. this was told to me in a discord chat by a CEO of a prop firm

It seems to me they are circumventing the lack of Meta license using those Platform 4 and 5 and servers of obscure brokers.

yes they are just waiting justin hertzberg to get upset at them and report them to remove. Metaquotes are very anti prop but mostly because of the people in prop not the prop business model.

I'd have lowered the leverage if I didn't want them to trade high lots and not fail them for using the tools that I provided.

Of course, their game, their rules, but this is a pitfall since they provided the high leverage and it's not mentioned in the FAQ (https://www.blueguardian.com/faq).

BANGGGGG. Asian Session

1. APEX 14x150k - 9384$ (SUCCESSFULLY TOUCHED THRESHOLD ON 10 ACCOUNTS so in total 12 ACCOUNTS).... AUGUST 15 - 33000$ INCOMING atleast pretty sure will cover the last 2 accounts by august 20 as well extra 5500$.

2. Topstep 5x50k - GONE........... SO no more evals for me for now as well as solely focusing on apex for the monster payout......

PREPING TO YOLO 6x150k on AUGUST 13 CPI news

CONSISTENCY ON NEXT LEVEL 12++ DAYS WINNING DAYS OVERALL. THanks to apex threshold improved my entries to PRO SNIPER LEVEL with minimal DRAWDOWN. By the way my winning ratio in that period is mediocre as per my standards 50% but winners are bigger than the losers.......... I have learnt from my past lessons never hold losing trade longer and wait for a sniper entry rather than entering emotionally first and cursing myself why i entered so early...... SO NOW I DONT THINK HOW MUCH I MAKE IN A TRADE INSTEAD HOW MUCH I CAN LOSE OR HOW MUCH I CAN GO IN DRAWDOWN. THIS CRITERIA FLIPPED THE SCRIPT FOR ME.

I thought $150k required balance is $155,100